Financement public reçu ou Financement attendu pendant l'année financière en cours
Non
Relations d'affaires
Institut canadien des evaluateurs/Appraisal Institute of Canada n'est pas une filiale d'une société mère.
Institut canadien des evaluateurs/Appraisal Institute of Canada n'est pas une coalition.
Bénéficiaires des activités de lobbying
Les activités de Institut canadien des evaluateurs/Appraisal Institute of Canada ne sont pas contrôlées ou dirigées par une autre personne morale ou physique ou par une organisation, qui est directement intéressée au résultat de cet engagement.
Institut canadien des evaluateurs/Appraisal Institute of Canada ne possède aucune filiale qui pourrait être directement intéressée au résultat de l'engagement
Quel est l'objet des activités de lobbying?
Objets
Climat
Environnement
Institutions financières
Logement
Vie privée et Accès à l'information
Détails sur l'objet
Politique ou Programme
AIC is supporting the Office of the Superintendent of Financial Institutions (OFSI) Residential Mortgage Underwriting and Mortgage Insurance Practices and Procedures encouraging Federally Regulated Financial Institutions to employ sound valuation practices to determine the value of collateral used to secure and insure mortgages. AIC has recommended that these same guidelines extend to non-federally regulated institutions or organizations offering mortgage financing to Canadians.
AIC members must complete appraisal reports and other valuation assignments in accordance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). Compliance with CUSPAP, in part, requires access to a full range of data on the subject property - including information on sales history. This data has traditionally been in the public domain but access has become limited.
Canadian consumers require additional education on the full range of fees associated with mortgage financing and refinancing as well as the role of various professionals involved in the transaction. A disclosure of all fees incurred as part of obtaining a loan should be a mandatory requirement for all lending institutions - federally and non-federally regulated – to ensure that Canadians understand the financial commitment involved in what is often the largest investments in their lifetime. This includes the appraisal management fee and the appraisal fee.
Downward pressure on appraisal fees and increasing demand for quicker turnaround times, combined with the restrictions on accessing good and reliable data, may ultimately drive professional appraisers away from completing mortgage finance work. This places a much higher risk for lenders and for Canadian consumers.
Over reliance on Automated Valuation Methodologies (AVMs) poses a significant risk for Canadian consumers, lenders and the financial system. The best option to minimize the lending risk for mortgage properties is to have an on-site appraisal conducted by a third-party appraiser to determine the occupancy, the condition of the property, the neighborhood characteristics, and ultimately, the existence of the property.
Working with the government to ensure that all flood maps are up-to-date to help homebuyers understand the area they are buying into.
Qui fait l'objet de lobbying?
Institutions gouvernementales
Banque du Canada
Bureau du surintendant des institutions financières Canada (BSIF)
Cabinet du Premier ministre (CPM)
Chambre des communes
Finances Canada (FIN)
Innovation, Sciences et Développement économique Canada (ISDE)
Société canadienne d'hypothèques et de logement (SCHL)
Sénat du Canada
Techniques de communication
Techniques de communication déjà utilisées ou qui seront utilisées au cours de l'engagement :